India, June 27 -- Nearly three months after converting into a public entity, logistics major Shadowfax is now reportedly planning to file its draft initial public offering (IPO) papers via SEBI's confidential route within a month.

The company is eyeing a public listing of INR 2,000-2,500 Cr out of which half would come from fresh issue of shares, an ET report said, citing sources.

It was reported last year that Shadowfax is looking to raise up to INR 3,000 Cr through IPO at a valuation of INR 5,000-8,000 Cr.

Now, the sources told ET that the company could be valued between INR 5,500-6,000 Cr depending on the market conditions at the time of the listing.

In March, Shadowfax raised INR 65.4 Cr in funding round from its cofounders Vaibha...